2012-04-04 16:14:42 CEST
2012-04-04 16:15:46 CEST
REGULATED INFORMATION
Klaipedos Baldai AB - Notification on material event
RESOLUTION PROJECTS FOR GENERAL STOCKHOLDER'S MEETING HELD ON 2012 APRIL 25th
The board meeting of SC "Klaipėdos baldai" has prepared resolution projects
for stockholders meeting and vote:
1. The supervisory council reviews and proposals concerning the financial
accountability of SC "Klaipėdos baldai" for 2011, profit distribution Project
and company report for 2011 by the board meeting.
Resolution: approve the supervisory council auditor .
2. The auditor report concerning the financial accountability of SC „Klaipėdos
baldai“ for 2011.
Resolution: approve the report auditor.
3. Financial accountability consolidation for 2011.
Resolution: approve the financial accountability for 2011.
4. Profit distribution project for 2011.
Resolution: approve the profit distribution project as it follows:
Article Amount Amount
thousand/ thousand/E
Lt UR
--------------------------------------------------------------------------------
Profit (loss) brought forward from the previous 43 422 12 576
financial year at the end of the current financial
year
--------------------------------------------------------------------------------
Net profit (loss) for the current financial year 5 545 1 606
--------------------------------------------------------------------------------
Profit (loss) of financial year not recognized in the 17 5
statement of comprehensive income
--------------------------------------------------------------------------------
Transfer from reserves 1 084 314
--------------------------------------------------------------------------------
Transfer to reserve for acquisition of own shares 1 000 290
--------------------------------------------------------------------------------
Shareholders' contribution against losses - -
--------------------------------------------------------------------------------
49 068 14 211
--------------------------------------------------------------------------------
Distributable profit
--------------------------------------------------------------------------------
Distribution of the profit:
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- to legal reserves - -
--------------------------------------------------------------------------------
- to reserve acquisition for own shares 500 145
--------------------------------------------------------------------------------
- to other reserves - -
--------------------------------------------------------------------------------
- dividends - -
--------------------------------------------------------------------------------
- other - -
--------------------------------------------------------------------------------
Undistributed result - profit (loss) at the end of the 48 568 14 066
financial year
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5.Suggest to elect to Supervisory council, representatives of SBA concern:
Dalia Maleckiene, Egidijus Valentinavicius, Virgilijus Rancys.
Resolution: confirm Dalia Maleckiene, Egidijus Valentinavicius, Virgilijus
Rancys by members of Supervisory council .
6. To annul 417 063 ordinary shares held by the Company by the ownership right,
of 1 litas par value each, ISIN code LT0000102972.
Resolution: confirm annulmant of ordinary shares held by the Company by the
ownership right.
7. To reduce the Company's authorised capital from 8 166 312 Lt to 7 749 249
Lt. The purpose of reduction of the Company's authorised capital - cancellation
of the Company's treasury shares. The Company's authorised capital shall be
reduced by way of annulment of the Company's treasury shares indicated in
decision No. 6.
Resolution: confirm reduction of the Company‘s authorised capital.
8. To amend the By-laws of the Company.
Resolution: approve the new wording of the By-laws.
The Manager of the Company shall be authorised to sign the new wording of
the By-laws and to apply to the notary public and the Register of Legal
Entities as well as to sign all the related documents required for registration
of the new wording of the By-laws.
9. Resolution re share buy back.
a) To buy up to 10 percent of company shares.
b) The purpose of acquisition of own shares is to maintain and enhance the
company's share price.
c) The period during which the company may buy own shares is 12 months from the
decision taking date.
d) To set up the maximum price per share for own shares to be purchased - 1.50
EUR (5,18 LTL), respectively, a minimum price of one share - equal to the
nominal value per share, that is, 0.290 EUR (1,00 LTL).
e) To authorize the Board to organize the share buy back, establish share
buying and selling procedures, time, number of shares and price, perform other
related activities in accordance with the conditions set out in this resolution
and requirements set by Republic of Lithuania Law on Companies.
Resolution: approve the share buy back resolution.
Managing Director
Ramunas Marozas
For supplementary information contact
Strategic Marketing Director of Concern “SBA”
Nerijus Kalinauskas
tel. +370 618 99040
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